The Application of Behavioural Science Techniques to Improve an Organisation's

question 95

True/False

The application of behavioural science techniques to improve an organisation's effectiveness through its ability to cope with environmental change,improve internal relationships,and increase learning and problem solving capabilities is known as organisational development.

---

Definitions:

Forward Contract

A customized contract between two parties to buy or sell an asset at a specified price on a future date.

Gross Method

An accounting practice where purchases are recorded at their gross price, without deducting any discounts, which are recorded if and when they are received.

Exchange Rates

The rate at which one currency can be exchanged for another currency, influencing international trade and finance.

Settlement Date

The date on which a trade or transaction must be finalized, with the buyer delivering payment and the seller transferring ownership of the asset.